Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.24.1.1.u2
Warrant Liability (Tables)
 3 Months Ended
Mar. 31, 2024
2023 Warrants [Member]  
Short-Term Debt [Line Items]  
Schedule of Derivative Liabilities Assumptions

The warrant liabilities for the Common Warrants and the Placement Agents Warrants were valued using a Binomial pricing model with the following assumptions:

  

   

Common Warrants and Placement

Agents Warrants

  
    March 31, 2024     December 31, 2023  
    (Unaudited)     (Unaudited)  
Stock price   $ 4.43     $ 7.80  
Risk-free interest rate     4.21 %     4.26 %
Expected volatility     103.9 %     115.2 %
Expected average life (in years)     4.0       4.25  
Expected dividend yield     -       -  
Fair value of warrants (in thousands)   $ 393     $ 1,050  
2020 Warrants [Member]  
Short-Term Debt [Line Items]  
Schedule of Derivative Liabilities Assumptions

The warrant liabilities for the 2020 warrants were valued using a Binomial pricing model with the following assumptions:

  

    March 31, 2024     December 31, 2023  
    (Unaudited)        
Stock price   $ 4.43     $       7.80  
Risk-free interest rate          4.21 %     4.54 %
Expected volatility     89 %     89 %
Expected life (in years)     1.2       1.6  
Expected dividend yield     -       -  
                 
Fair value of warrants (in thousands)   $ 1     $ 2